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The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. As the market slows, AMCs and lenders will have more time to dissect reports and actually read them.

Valuation 360
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

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Appraisal bill would combat legacy of redlining

Housing Wire

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. Emanuel Cleaver (D-MO) and Rep. Once formed, the task force would “harmonize” collateral underwriting standards, the bill reads.

Appraisal 397
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Ethics is Our Solution

Appraisal Buzz

I have weathered seasons marred by valuation professionals whose malfeasance adversely impacted the economy and society. The future of the valuation profession is not certain to me. Technological advances suggest we need to move toward automated valuation models that churn data through automated algorithms to produce valuations.

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Risk Exposure in the Title Insurance Space 

Appraisal Buzz

The work conducted by the title insurance industry, which includes aggregating and organizing disparate sources of data impacting real property, identifying and remediating risks, and helping resolve errors in the public record, is necessary to clearly and reliably trade property rights and ownership in a real estate transaction.

Insurance 384
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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Moreover, appraisers must conduct each of the four tests on the real property as if vacant , and as improved. Applying each of these tests properly is essential to the valuation process. This is the most intensive of the four tests it requires a thorough market analysis, cost-benefit analysis, and financial projections.

Legal 243
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Zillow Zinged

Cleveland Appraisal Blog

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. Just think how much more difficult it would have been to flip in a declining market.”

Valuation 369